Malaysian Capital Controls Macroeconomics and Institutions We analyze the capital controls imposed in Malaysia in September In macroeconomic terms these controls neither yielded major benefits nor were costly At the same time the stock market interpret
We analyze the capital controls imposed in Malaysia in September 1998 In macroeconomic terms, these controls neither yielded major benefits nor were costly At the same time, the stock market interpreted the capital controls and associated events as favoring firms with stronger political connections, and some connected firms reportedly received advantages immediately foWe analyze the capital controls imposed in Malaysia in September 1998 In macroeconomic terms, these controls neither yielded major benefits nor were costly At the same time, the stock market interpreted the capital controls and associated events as favoring firms with stronger political connections, and some connected firms reportedly received advantages immediately following the crisis Analysis of financial accounts indicates that connected firms outperformed unconnected firms before the 1997 98 crisis but not afterward After the crisis, connected firms were either not supported as much as the market had expected or the benefits they received were not manifest in their published accounts.
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☆ Malaysian Capital Controls: Macroeconomics and Institutions || ↠ PDF Download by ☆ Simon Johnson
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Simon Johnson
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Title:
☆ Malaysian Capital Controls: Macroeconomics and Institutions || ↠ PDF Download by ☆ Simon Johnson
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Published :2020-06-09T11:13:41+00:00
About " Simon Johnson "
Simon Johnson
Simon Johnson is a British American economist He currently is the Ronald A Kurtz Professor of Entrepreneurship at the MIT Sloan School of Management He has held a wide variety of academic and policy related positions, including Professor of Economics at Duke University s Fuqua School of Business From March 2007 through the end of August 2008, he was Chief Economist of the International Monetary Fund.